out of the economics of ronald reagan, the south americans were decimated. the international monetary fund and world bank play a huge role. people turned against it. the leaders that came in at the 20th century were reactions against ronald reagan. >> you talk about obama, managing a wounded empire. you are fiercely critical of but you also support him. >> i support him because the alternative was more frightening. obama has made it very clear that it is about american power. we are the "indispensable nation in the world," which is a form of american exceptional as some. he made it very clear that he is going to take troops and so forth out of afghanistan and q, but he is committing on a full spectrum dominance to the containment of china. it does not end. i think we will see him making alliances and treaties with countries around the world. he is already expanding the bush version of security. he has not gone back on any of the civil liberties laws. >> he has expanded it. we were so critical of bush for doing surveillance of people without judicial review.